Normal rainfall every time the forecast predicts

Assignment Help Business Management
Reference no: EM131108109

A farmer may choose to plant one of the following crops. The profit of the crops depends on the amount of rainfall according to the following:


Crop A

Crop B







The only two rainfall outcomes are Normal and Light. The farmer estimates the chance of Normal rainfall is 0.56. Calculate the maximum price the farmer is willing to pay today for a perfectly accurate forecast (i.e the farmer experiences normal rainfall every time the forecast predicts normal rainfall)? Round you answer to one decimal place.

Reference no: EM131108109

Dynmamic programming algorithms

For dynmamic programming algorithms, you should: Define the table - What does each element of the table hold? Give a formula for filling in table locations - this should inclu

Assessing the effectiveness of a sales force

Fully describe three (3) measures for assessing the effectiveness of a sales force as a whole. Explain why they are important, what they determine, and how sales managers a

Bankruptcy protection

American Apparel filed for Chapter 11 bankruptcy protection in early October, but it still must report its revenues and earnings for the third quarter, ending Sept. 30.In a pr

Effect of occupational fraud and abuse on company

You are the internal accountant at a company that is preparing for an upcoming government contract bid. The management in your company is deciding if it is necessary for the

How to develop a scope statement for project

Develop a scope statement for this project which contains e.g. of all of the elements. Suppose which the event will occur in four weeks also provide your best guess estimate

Websites-to provide current

Provide current material for class discussion and review. This material must relate to your Course Project subject. To receive full credit for this requirement, submit the In

Barriers to the localization of expatriate manager

Do you believe that alternative assignment can substitute for traditional expatriate assignments in the long run? Please discuss the major opportunities and barriers. What a

Identify the issue that began the conflict

Identify the issue that began the conflict, the players and their roles within the conflict, the severity of the conflict, and your personal role in the conflict at the init


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd